Columbus Macro LLC Acquires New Stake in Sixth Street Specialty Lending, Inc. (NYSE:TSLX)

Columbus Macro LLC purchased a new stake in shares of Sixth Street Specialty Lending, Inc. (NYSE:TSLX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 360,053 shares of the financial services provider's stock, valued at approximately $7,669,000. Sixth Street Specialty Lending comprises about 1.1% of Columbus Macro LLC's investment portfolio, making the stock its 20th largest position. Columbus Macro LLC owned about 0.39% of Sixth Street Specialty Lending at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in Sixth Street Specialty Lending by 482.6% in the 2nd quarter. Millennium Management LLC now owns 287,311 shares of the financial services provider's stock valued at $6,134,000 after acquiring an additional 237,995 shares in the last quarter. Progeny 3 Inc. grew its stake in shares of Sixth Street Specialty Lending by 10.6% during the third quarter. Progeny 3 Inc. now owns 2,252,774 shares of the financial services provider's stock valued at $46,249,000 after purchasing an additional 215,996 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sixth Street Specialty Lending by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 1,175,388 shares of the financial services provider's stock valued at $24,131,000 after purchasing an additional 162,810 shares in the last quarter. Benjamin Edwards Inc. raised its position in Sixth Street Specialty Lending by 498.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 193,677 shares of the financial services provider's stock worth $3,976,000 after purchasing an additional 161,295 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Sixth Street Specialty Lending by 6.6% during the 3rd quarter. Van ECK Associates Corp now owns 2,289,435 shares of the financial services provider's stock worth $47,117,000 after buying an additional 141,463 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on TSLX. Keefe, Bruyette & Woods lowered their target price on Sixth Street Specialty Lending from $23.00 to $21.50 and set an "outperform" rating for the company in a research note on Thursday, November 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $23.00 price objective on shares of Sixth Street Specialty Lending in a research report on Tuesday, November 12th. LADENBURG THALM/SH SH upgraded shares of Sixth Street Specialty Lending from a "neutral" rating to a "buy" rating and set a $21.00 target price on the stock in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company raised their target price on shares of Sixth Street Specialty Lending from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $22.33.

Sixth Street Specialty Lending Trading Down 0.0 %

NYSE TSLX traded down $0.01 on Friday, reaching $22.14. The company had a trading volume of 426,116 shares, compared to its average volume of 278,727. Sixth Street Specialty Lending, Inc. has a 52 week low of $19.50 and a 52 week high of $22.47. The stock's 50 day moving average is $21.47 and its 200-day moving average is $20.97. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.17. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 10.75 and a beta of 1.06.

Sixth Street Specialty Lending (NYSE:TSLX - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $0.57 EPS for the quarter, meeting analysts' consensus estimates of $0.57. Sixth Street Specialty Lending had a return on equity of 13.55% and a net margin of 39.05%. The company had revenue of $119.22 million during the quarter, compared to analysts' expectations of $119.85 million. During the same period in the prior year, the business posted $0.60 EPS. Equities analysts predict that Sixth Street Specialty Lending, Inc. will post 2.31 earnings per share for the current year.

Sixth Street Specialty Lending Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were paid a $0.05 dividend. This represents a yield of 7.59%. The ex-dividend date of this dividend was Friday, November 29th. Sixth Street Specialty Lending's payout ratio is presently 89.32%.

Sixth Street Specialty Lending Company Profile

Sixth Street Specialty Lending, Inc NYSE: TSLX is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing.